Canada pledges billions to science industry in 2018 budget announcement

By zaymalz malz

Having announced the 2018 budget this week, Justin Trudeau’s Liberal government has pledged $4bn of funding to go towards scientific research over the next five years.

The investment pledge is the largest cash injection for science research in the country’s history, demonstrating and effort from Ottawa to modernise the country in an innovative global climate.

See also:

“Budget 2018 represents the single largest investment in fundamental and discovery research in Canadian history,” finance minister Bill Morneau told the House of Commons on Tuesday.

“More than that, we will make sure that the new money for research supports the next generation of researchers, so we can build a science community that looks more like Canada: more diverse, with a greater number of women.”

$925mn of this will go to Canada’s three key research councils – the Natural Sciences and Engineering Research Council, the Canadian Institutes of Health Research, and the Social Sciences and Humanities Research Council.

Similarly, Trudeau also responded to requests from the Canadian ICT industry’s requests, proposing to support a range of technology focused areas including a major program to bolster the country’s cybersecurity framework.


Featured Articles

Top 20 essential leadership resources for Black executives

To celebrate Black History Month, here are 20 resources for Black leaders – from business books to leadership coaches to business school exec programs

Broadridge study reveals huge impact of AI on C-suite

Broadridge Financial Solutions spoke to 500 C-suite executives from across the globe, many of whom said AI was significantly changing the way they work

PwC's Kathryn Kaminsky – the role of boards on social issues

As Vice Chair Trust Solutions Co-Leader at PwC, Kathryn Kaminsky says boards play an important role in helping businesses take action on social issues

Why your business needs a Chief Transformation Officer

Leadership & Strategy

12 top AI and ML trends for the enterprise in 2023 – Dataiku

Technology & AI

From NYC to Hong Kong, the rise of the private members' club

Leadership & Strategy